New Toyo

[Louhan]

As New Toyo is in a strong cash position, there's a possibility of someone taking over New Toyo and privatize it.

Yen family needs to pledge their New Toyo shares for cash. Do u think they got money to take NT private?

Rather, father may urge son to urge NT board to pay hefty special dividends

if special dividend of 10 cents is declared, share price might shoot up to 40 cents and beyond, how to privatize at NAV and below?

The offer price can be between current price and NAV. An example is Superior Multi-Packaging. The offer price of 14 cents was lower than NAV, and higher than the market price of 11 cents. The privatization went through. Privatization will save the cost of listing on SGX.

Why privatize? And at what price? if the offer price is no good, there is more than enough minority votes to oppose the move..

If the share price is below the NAV, and with the amount of cash that New Toyo is holding, and the thin volume of trade, there's a chance of privatization.

[Underdogger]

Rest assured there is enough votes amongst the minority shareholders to block if the deal is shady...

u just need 10% to block rite?

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if someone else (not Yen Family) is trying to take New Toyo private, won't New Toyo management try to talk up the share price so that the acquirer has to pay more ?
think Yen family will also try to suck the company dry first before the acquirer takes over, i.e. pay out all the cash, etc

So far, New Toyo has not shown any interest in engaging analysts or the investment communities probably because of the nature of the business it is in. Bad Karma I guess..

In any case, 30 cents look cheap to buy now given that Gary Yen bought at 29 cents.
think 40 cents level is in sight within the next few weeks

[Stockerman]

Dropping back below 30 cents.... As long as it cannot clear the 36.5 cent NAV level, dont dream about smelling 40 cents....

by the time people try to buy at 30 cents and beyond, it is time to GET OUT for the insiders....
Gary Yen probably just bought 200 lots to entice people to buy up....Why didnt he buy more if it is so GOOD?

Rest assured there is enough votes amongst the minority shareholders to block if the deal is shady...

u just need 10% to block rite?

---

if someone else (not Yen Family) is trying to take New Toyo private, won't New Toyo management try to talk up the share price so that the acquirer has to pay more ?
think Yen family will also try to suck the company dry first before the acquirer takes over, i.e. pay out all the cash, etc

So far, New Toyo has not shown any interest in engaging analysts or the investment communities probably because of the nature of the business it is in. Bad Karma I guess..

In any case, 30 cents look cheap to buy now given that Gary Yen bought at 29 cents.
think 40 cents level is in sight within the next few weeks

[Underdogger]

Tien Wah made yet another fresh all time high today at RM 2.33 with high record volume...

Probably, some new businesses coming up at Tien Wah...Whatever the case, New Toyo will stand to benefit, from both the valuation as well as dividend payout from Tien Wah...

Those conversant with property and land redevelopment at Petaling Jaya can do some checks.... something BIG IS PROBABLY brewing at Tien Wah

Just imagine the BOOST to EPS when an entire building of apartments/offices are sold ....

[Stockerman]

CD and yet share price still not showing much reaction?

will this happen when special dividend is declared?
i.e. existing share price already factors in any future potential special dividend...

[potatolover]

Foreign Talents in Spore - this time from the Vietnam
Too bad - these are not BAT brands....

http://www.tremeritus.com/2013/04/15/vie...tes-in-sg/

*************
18 Vietnamese contraband cigarette peddlers nabbed in 9-hour operation
Tuesday, Apr 09, 2013
SINGAPORE - A total of 18 Vietnamese were nabbed in a nine-hour operation led by Singapore Customs, as well as officers from Immigration and Checkpoints Authority (ICA) on April 1.

Officers arrested Nguyen Thanh Tu, 25, and Truong Thanh Tung, 41, at Kaki Bukit Road 3 at 5.25am. Ten cartons and 100 packets of contraband cigarettes were recovered from two haversacks and a plastic bag carried by the duo.

About 20 minutes later, a third man was arrested at Tampines Place. He had 27 cartons and 37 packets of contraband cigarettes with him.

Officers then raided a chalet at East Coast Parkway, which was the 'nest' used by the Vietnamese peddling ring.

Ten men and five women were caught in the pre-dawn raid.

Officers from the Singapore Customs had earlier spotted on of the peddlers retrieving cigarettes from a manhole at Lorong 17 Geylang. They then moved on to Geylang to recover the stash of contraband cigarettes, which were locked in the manhole with a thick metal chain and padlocks.

More than 1,020 packets of contraband cigarettes were recovered from the manhole.

Investigations revealed that these Vietnamese peddlers had been hired by their fellow Vietnamese to peddle contraband cigarettes in Kaki Bukit, Tampines and Geylang.

A total of 1,539 packets of duty-unpaid cigarettes worth more than $15,300 were seized in this operation. The duty and Goods and Services Tax evaded exceeded $12,600.

Tu and Tung were sentenced on April 4 to $37,000 fine each or will have to serve three months' jail if they cannot pay their fine.

Seven of the peddlers were also referred to the ICA for investigation into immigration-related offences. Court proceedings are still ongoing for other Vietnamese involved in the peddling ring.

klim@sph.com.sg

[potatolover]

From the latest AR
a. EPS fell to lowest level in the most recent 4 years.
b. New Toyo's own Specialty businesses net profit continued to drop.
c. Dividend was the lowest in the most recent 4 years.
d. Revenue from Vietnam and Australia continued to drop.
e. Proportion of dividend paid to non-controlling interest has increased relative to equity holders.

[ValueBeliever]

Another reason to dump the stock -

http://www.thehealthyconsumer.com/09/?af...&sub=1009e

even celebrities are promoting e-cigarette. Guess finally technology has caught up with a old habit.
cheaper, healthier and does not harm others!

Good luck with Old koyot, the stock got to drop a lot more before value show up? if ever?

[potatolover]

Yes, conventional cigarette volumes are stagnating or tapering down...
Agreed that it is a sunset business, but there remain some staunch believers in New Toyo who think otherwise...

Volumes in Asia Pacific is also declining for BAT, if u refer to its latest 2012 AR.
Volumes in developed countries are fast dropping as well.
Regulatory risk (e.g. plain packaging, etc) and increase in tax will be the greatest curse of tobacco industry.

People who are still holding onto New Toyo probably are enticed by short term prospects, without due consideration to its longer term prospect.
If some of those anticipated short term prospects does not pan out as expected, there will be a major correction in share price without doubt.


Irrational exuberance will die off...

Another reason to dump the stock -

http://www.thehealthyconsumer.com/09/?af...&sub=1009e

even celebrities are promoting e-cigarette. Guess finally technology has caught up with a old habit.
cheaper, healthier and does not harm others!

Good luck with Old koyot, the stock got to drop a lot more before value
show up? if ever?

[Stockerman]

Unsustainable above 30 cents....it is just a fleeting moment before it was sold back down below 30 cents again...